Invesco DB Commodity Index Tracking Fund
DBC
181 hedge funds and large institutions have $597M invested in Invesco DB Commodity Index Tracking Fund in 2019 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 67 reducing their positions, and 27 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
43% more call options, than puts
Call options by funds: $888K | Put options by funds: $623K
0.96% more ownership
Funds ownership: 37.38% → 38.34% (+0.96%)
5% less funds holding
Funds holding: 190 → 181 (-9)
10% less capital invested
Capital invested by funds: $661M → $597M (-$64.6M)
33% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 27
43% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLI
Guardian Life Insurance
New York
|
+$9.01M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$6.45M |
| 3 |
NA
NextCapital Advisers
Chicago,
Illinois
|
+$5.9M |
| 4 |
Goldman Sachs
New York
|
+$3.99M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$22.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$10.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$8.97M |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$6.64M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1.16K | -76 | -84% |
|
|
PMFA
202
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -35 | Closed |
|
|
AWM
203
Avior Wealth Management
Omaha,
Nebraska
| – | +$535 | +35 | New |
|
DBC Hedge Fund Activity: Q3 2019 in Review
181 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Commodity Index Tracking Fund (DBC) for Q3 2019, worth a combined $597M — down 9.8% from $661M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of DBC and 18 opened new positions — a net loss of 9 holders — while 67 trimmed existing stakes and 38 added.
The largest buyer was Guardian Life Insurance, adding an estimated $9.01M. The largest seller was Northern Trust, cutting an estimated $22.6M.
- 181 institutional investors held Invesco DB Commodity Index Tracking Fund (DBC) as of Q3 2019, down from 190 in Q2 2019.
- Funds reported $597M of Invesco DB Commodity Index Tracking Fund stock for Q3 2019, down 9.8% quarter-over-quarter.
- 18 funds opened new Invesco DB Commodity Index Tracking Fund positions in Q3 2019 and 27 closed out, a net change of -9 holders.
- The largest Invesco DB Commodity Index Tracking Fund buyer in Q3 2019 was Guardian Life Insurance, an estimated $9.01M added.
- The largest Invesco DB Commodity Index Tracking Fund seller in Q3 2019 was Northern Trust, an estimated $22.6M sold.
Based on aggregated 13F filings for Q3 2019.